Curated News
By: NewsRamp Editorial Staff
February 18, 2025

Iteris, Inc. Leading the Way in Connected Vehicle Technology and Smart Mobility Infrastructure

Reddit Discuss on RedditDiscuss on LinkedIn LinkedInDiscuss on Substack SubstackDiscuss on Telegram TelegramView History of this news story on GitHub Github
Source News Release

TLDR

  • Market worth $11 billion by 2030, with AVs unlocking $300-$400 billion economic windfall. Iteris, Inc. leads in connected vehicle technology.
  • Iteris platform uses radar, video sensors, and cloud-based solutions to optimize smart mobility infrastructure. Enhances data aggregation for safety measures.
  • Iteris ecosystem supports safer, more efficient traffic operations. Collaborations improve roadway safety and enhance awareness of incidents for transportation agencies.
  • Iteris partners with public and private entities for real-time analytics and smart mobility solutions. Company's technology bridges software, sensors, vehicles, and infrastructure.

Impact - Why it Matters

This news highlights the critical role of companies like Iteris, Inc. in developing the necessary infrastructure for the future of connected and autonomous vehicles. As technology continues to advance, the expansion of smart mobility solutions becomes essential for improving road safety and efficiency. Iteris' efforts in collaborating with partners underscore the importance of creating a seamless ecosystem to support the evolving transportation landscape.

Summary

Grand View Research estimates the road safety market to be worth $11 billion by 2030, with McKinsey & Company projecting a $300-$400 billion economic windfall once autonomous vehicles become commonplace. Automakers must equip AVs with cameras and sensors, while infrastructure needs updating to support AV implementation.

Iteris, Inc., a global leader in connected vehicle technology, is at the forefront of creating smart mobility infrastructure. The company's end-to-end solution includes radar and video detection sensors, software, and cloud-based monitoring solutions to optimize mobility infrastructure and improve traffic operations.

Iteris' collaborations with various partners aim to enhance safety on roadways for connected and autonomous vehicles, showcasing the importance of expanding infrastructure to support the future of transportation.

Source Statement

This curated news summary relied on this press release disributed by NewMediaWire. Read the source press release here, Iteris, Inc. Leading the Way in Connected Vehicle Technology and Smart Mobility Infrastructure

blockchain registration record for the source press release.